Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Futures Marginally Lower

Monday, January 7, 2013 8:09 AM
U.S. stock futures pointed toward a lower start on Monday as Wall Street Investors shift their focus on unresolved issues in Washington concerning spending cuts and debt ceiling, which are likely to flare up in coming days with both the White House and GOP leaders maintaining tough postures over their respective proposals. At last check, futures on Dow Jones Industrial Average Index slipped 0.13%; the Nasdaq 100 Index was 0.1 down while the S&P 500 Index inched down 0.10% The U.S. Congress is heading towards another round of heated arguments and counterarguments. While appearing in separate TV debates on Sunday, Senate Minority Leader Mitch McConnell, a high-profile Republican, and Nancy Pelosi, leader of the Democrats in the House of Representatives disagreed over whether additional tax rises should be approved by the Congress in order to trim fiscal imbalance. While McConnell is totally against further tax hikes, Pelosi declined to rule out higher taxes on wealthy Americans. Banking stocks are likely to remain under spotlight on Monday after global regulators’ talks over the weekend diluted and postponed new set of measures which would make banks to maintain more liquidity. No major economic data is scheduled to be released on Monday. In Asia, most equity markets ended lower with Japan’s Nikkei losing 0.83% while Hong Kong’s Hang Seng slipping 0.01 % for the day. Elsewhere in Europe, the Pan European Stoxx 600 Index was edging down 0.20%, Germany’s DAX slipped 0.50%, while FTSE was down 0.30%. Earnings season kicks off from this week with aluminum giant Alcoa Inc. (NYSE: AA), often considered as an economic bellwether, slated to report quarterly results on Tuesday, following closing bell. In some other markets, crude oil futures fell 0.35% to $92.76 a barrel while gold futures edged up 0.38% to $1,655.10 an ounce.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

Ten ways to put your retired iPhone to workTen ways to put your retired iPhone to work
(Reuters) - With about 10 million new iPhone 6s ordered in the initial days on the market, a whole lot of old iPhones are destined for the scrap heap. Sure, you could sell, donate or recycle your ...
Clarity on Bulgaria's Corpbank needed before solution: Socialist leaderClarity on Bulgaria's Corpbank needed before solution: Socialist leader
SOFIA (Reuters) - Bulgaria`s Socialist Party leader, trailing in opinion polls two weeks before voters choose their fifth government in two years, said on Tuesday a decision on troubled Corpbank can...
EU's Almunia says may probe Google's non-search servicesEU's Almunia says may probe Google's non-search services
BRUSSELS (Reuters) - Google Inc, the target of an EU antitrust investigation into its internet search engine, may face further scrutiny over its other services following several complaints, Europe`s...
Bullard says Fed needs to make rate guidance more data dependentBullard says Fed needs to make rate guidance more data dependent
ST.LOUIS (Reuters) - The U.S. central bank needs to change the way it communicates its view on the future path of interest rates, a Federal Reserve official said on Tuesday, joining others inside the ...
WTO cuts world trade growth forecasts for 2014 and 2015WTO cuts world trade growth forecasts for 2014 and 2015
GENEVA (Reuters) - Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at r...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.